Crypto Fraudster Caught and Brought to New York | Crypto

Crypto Fraudster Caught and Brought to New York

-Ivars Auzins, 29, has been extradited to Brooklyn from Latvia on charges of wire fraud and securities fraud.
-Prosecutors allege that between November 2017 and July 2019, Auzins operated a series of purported crypto investment companies that took investments from individuals in the U.S. and elsewhere.
-These companies allegedly claimed to be using various methods to generate returns for their investors, when in reality they were simply using new investor funds to pay earlier investors.
-Auzins is currently being held without bail and faces up to 20 years in prison if convicted.

law360 stacked 4 Crypto Fraudster Caught and Brought to New York

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